First-Time Buyers Average Age a Troubling Statistic Stats from NAR shows the age of first-time homebuyers keeps rising. Yes, it’s a problem. The stat actually reflects the greater problems of the economy and the population, that life is becoming unaffordable for most, and that few politicians and corporations are willing to do anything about it….
Mortgage Refinancing Boom? It looks like we’re already into a mortgage refinancing boom period. As the FED lowers the central rate, banks and secondary market lenders will offer lower rate mortgages. You might consider a financial Tsunami, given how many mortgage holders need to refinance from now through 2026. When homeowners race in to refinance…
Homebuyers Income Jumped Last Year For Realtors, the 2024 housing market outlook is a little brighter. More listings, more sales, and homebuyers’ incomes have risen. Really, isn’t that all the good news Realtors need? Lawrence Yun, chief economist of the National Association of Realtors® himself predicts home sales likely will climb 14% this year. There’s…
Housing Supply – New Listings NAR reports a dip in new home listings this week, however in many cities, new listings were rising. See NAR’s latest report below on those cities with the most new listings. New listings were up substantially this year vs last. In Florida in June, new listings rose 21% and in…
Is Canadian Real Estate in for a Big Price Drop? Even in the wake of the deadliest health epidemic of the last century, the Toronto housing market and Vancouver housing market did not crash. And if China had not released its deadly disease, the housing markets would have been roaring right now. It’s like science…
Searching for a Home 2025 is not far away with its promise of a big release of homes which have been lockedin for the past two years. More will flood onto the market resulting in some price depreciation. Yet buyers should still stick to a plan to acquire the home they want in the ideal…